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Suppose that a cost-minimizing firm, faced with constant input prices, recently increase the quantity of each of its inputs by 10%. As a result, its output increased from 100 to 120 units. Indicate whether each for the following statements is true, false, or uncertain and explain your answer.
a) When y = 100, LAC is downward sloping.
b) If the firm had increase the quantity of each input by 5%, output would increase from 100 to 110 units.
Sensitivity to a minority group is as important as being aware of and using the language of that group effectively. Insensitivity towards any group can cost an organization money and opportunity. What do you think the PR department should do inside t..
What are some of the key things that can shift the supply and demand of money? Explain how these shifts might happen.
Suppose that the U.S. the demand for phones is given by P=700-Q that the supply is given by P=200+Q. In Korea suppose the demand is given by P=600-Q and supply is given by P=50 + (Q/2). Please regard phones as a homogenous product. Prices are all in ..
Describe an industry that would meet conditions of a perfectly competitive industry and how individual firms would respond to an increasing market demand for product.
Illustrate why does the GDP deflator give a different rate of inflation than does the CPI. Illustrate what is the difference between a medium of exchange and a store of value.
q1. illustrate trade-off must be considered when deciding explain how much of your wealth is to be held as money
If se economists ignore possibility of crowding out, illustrate what would they approximate marginal propensity to consume (MPC) to be
The number of days' sales in inventory. Round to nearest dollar and one decimal place. Illustrate what conclusions can be drawn from these data concerning the inventories.
Which of the following is important if forecasting is to have the desired positive effect on decisions?
Assume you were told to prepare a table of factored values for calculating the future worth of a geometric gradient series. Determine the first three values for an interest rate of 10% per year and a rate of change g of 6% per year
The government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially before multiplier effects.
1 what is the impact of a tax cut in an economy operating under a flexible exchange rate regime on household spending
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